Seller's Agent in 2023
Corey Harris
Crown Homes Real Estate
(302) 729-2881
4 in this area
482 Total Sales
1739 W 5th St Wilmington, DE 19805
Little Italy NeighborhoodEstimated Value: $196,000 - $232,857
--
Bed
2
Baths
1,400
Sq Ft
$149/Sq Ft
Est. Value
Highlights
- Luxury Vinyl Plank Tile Flooring
- 90% Forced Air Heating System
- 4-minute walk to William Judy Johnson Memorial Park
- Dupont (H.B.) Middle School Rated A
About This Home
As of May 2023Welcome to 1739 W 5th St! Here is a rare opportunity to own a recently renovated multi-family duplex with amazing income potential. Location is everything, and this investment property is within walking distance to all of the famous restaurants and nightlife that Little Italy has to offer, close to Downtown Wilmington, the Business District, the Wilmington Riverfront, Trolley Square, and all of the revitalization and excitement happening in the popular City of Wilmington limits. This property offers a great investment opportunity or the chance to owner occupy one unit while renting out the other. The first floor unit features 2 bedrooms and 1 bathroom, providing plenty of space for a family or roommates. The second floor unit is a 1 bedroom 1 bathroom, perfect for a single person or couple. This home is being sold in as-is condition. No repairs will be made by the seller. Buyer is responsible for paying the 3% Short Sale negotiation fee at the time of closing. Offer is subject to bank approval.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $395
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 20.50 x 84.00
Parking
- On-Street Parking
Home Design
- 1,400 Sq Ft Home
- Duplex
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
Flooring
- Laminate
- Luxury Vinyl Plank Tile
Outdoor Features
- Exterior Lighting
Utilities
- 90% Forced Air Heating System
- Natural Gas Water Heater
Community Details
- 2 Units
- Wilm #05 Subdivision
Listing and Financial Details
- Tax Lot 316
- Assessor Parcel Number 26-026.20-316
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 21, 2022
Closed on
May 2, 2023
Sold by
Sims Itea K
Bought by
Kargbo Mary H
Seller's Agent
Corey Harris
Crown Homes Real Estate
Buyer's Agent
Katina Geralis
EXP Realty, LLC
List Price
$195,000
Sold Price
$180,000
Premium/Discount to List
-$15,000
-7.69%
Total Days on Market
40
Views
377
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,619
Avg. Annual Appreciation
7.46%
Original Mortgage
$135,000
Outstanding Balance
$131,975
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$76,644
Purchase Details
Listed on
Mar 22, 2019
Closed on
Aug 8, 2019
Sold by
Johnston Christian D
Bought by
Sims Itea K
Seller's Agent
Andrew White
Compass
Buyer's Agent
Sean Brooks
EXP Realty, LLC
List Price
$135,000
Sold Price
$135,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%
Original Mortgage
$134,518
Interest Rate
5.5%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 18, 1997
Bought by
Johnston Christian D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kargbo Mary H | -- | None Listed On Document | |
| Sims Itea K | $135,000 | None Available | |
| Johnston Christian D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kargbo Mary H | $135,000 | |
| Previous Owner | Sims Itea K | $13,320 | |
| Previous Owner | Sims Itea K | $134,518 | |
| Previous Owner | Sims Itea K | $6,725 | |
| Previous Owner | Johnston Christian D | $38,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2023 05/02/23 | Sold | $180,000 | -7.7% | $129 / Sq Ft |
| 03/03/2023 03/03/23 | Price Changed | $195,000 | 0.0% | $139 / Sq Ft |
| 03/03/2023 03/03/23 | For Sale | $195,000 | +8.3% | $139 / Sq Ft |
| 03/01/2023 03/01/23 | Off Market | $180,000 | -- | -- |
| 01/30/2023 01/30/23 | Pending | -- | -- | -- |
| 01/13/2023 01/13/23 | Price Changed | $209,000 | -4.6% | $149 / Sq Ft |
| 12/21/2022 12/21/22 | For Sale | $219,000 | +62.2% | $156 / Sq Ft |
| 08/08/2019 08/08/19 | Sold | $135,000 | 0.0% | $96 / Sq Ft |
| 06/14/2019 06/14/19 | Pending | -- | -- | -- |
| 03/22/2019 03/22/19 | For Sale | $135,000 | -- | $96 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $452 | $14,500 | $3,400 | $11,100 |
| 2023 | $393 | $14,500 | $3,400 | $11,100 |
| 2022 | $395 | $14,500 | $3,400 | $11,100 |
| 2021 | $394 | $14,500 | $3,400 | $11,100 |
| 2020 | $357 | $14,500 | $3,400 | $11,100 |
| 2019 | $289 | $14,500 | $3,400 | $11,100 |
| 2018 | $245 | $14,500 | $3,400 | $11,100 |
| 2017 | $642 | $14,500 | $3,400 | $11,100 |
| 2016 | $642 | $14,500 | $3,400 | $11,100 |
| 2015 | $614 | $14,500 | $3,400 | $11,100 |
| 2014 | $583 | $14,500 | $3,400 | $11,100 |
Source: Public Records
Agents Affiliated with this Home
-
Corey Harris
-
Katina Geralis
Buyer's Agent in 2023
Katina Geralis
EXP Realty, LLC
(302) 383-5412
3 in this area
596 Total Sales
-
Adam Bailey
A
Buyer Co-Listing Agent in 2023
Adam Bailey
EXP Realty, LLC
(302) 377-9680
1 in this area
34 Total Sales
-
Andrew White
Seller's Agent in 2019
Andrew White
Compass
6 in this area
267 Total Sales
-
Bert Root
Seller Co-Listing Agent in 2019
Bert Root
Compass
1 in this area
12 Total Sales
-
Sean Brooks
Buyer's Agent in 2019
Sean Brooks
EXP Realty, LLC
(302) 285-9604
35 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2035974
APN: 26-026.20-316
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